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China to hold rates steady, markets digest G7

From nasdaq.com

A look at the day ahead in Asian markets from Jamie McGeever. The People's Bank of China is expected to keep key lending rates on hold on Monday, as traders in Asia digest the implications of the G7's stance on China and the tense and fluid situation in Washington regarding the U.S. debt ceiling standoff. Looking further into the week, the main regional drivers for Asian markets are likely to be policy decisions in New Zealand, South Korea and Indonesia, inflation figures from Singapore and Malaysia, and Japanese unemployment and retail sales figures. In their joint communique on Saturday, G7 leaders said they are ... (full story)

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  • Category: Fundamental Analysis